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CATL wins approval for 8.5 billion yuan Chongqing battery plant acquisition

Verifying
  • CATL received approval to acquire a stake in Chongqing Yaoning New Energy Technology Co., Ltd.
  • 8.5 billion yuan was invested in the under-construction plant, planned for 30GWh capacity.
  • September 3, 2026 marked completion of the antitrust review; trial production is planned for December 2026.
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